NUMBER OF ARMENIA’S SUBSCRIBED GAS USERS MOUNT TO 540,000

July 7
ARKA

As of July 1, 2008, there were 539,335 subscribed users of natural
gas in Armenia, Armrosgasprom has said.

23,063 new natural gas users joined the network during the past six
months with 3,594 of them registered in June.

ArmRosgasprom has a monopoly right to deliver and distribute
Russian natural gas on Armenian market. The company was founded in
1997. Its current capital totals 278bln drams (close to $900mln). The
shareholders are Gasprom (72.16%), the Ministry of Energy and Natural
Resources of Armenia (22.78%), and the Russian Itera oil and gas
company (5.06%).